REGINA, Feb. 5, 2015 /CNW/ -
Information Services Corporation (TSX:ISV), ("ISC" or "the
Company") previously announced that it had entered into an Asset
Purchase Agreement with OneMove Technologies Inc., OneMove Online
Systems Inc. and related parties, (collectively "OneMove") to
acquire econveyance™, a proprietary online conveyancing
solution, and related operating assets of the OneMove business. In
connection with this transaction, the Company has received a
Request for Information from the Competition Bureau. The Company is
working with the Competition Bureau in relation to this
request. In light of this process, the closing of the
transaction has not yet occurred.
About ISC
ISC is a provider of registry and information services to the
Province of Saskatchewan. The
Company is the exclusive provider of the Land Titles Registry, Land
Surveys Directory, Personal Property Registry and Corporate
Registry in Saskatchewan, which
are key supporters of economic activity in the province.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information within the
meaning of applicable Canadian securities legislation, including
certain statements with respect to the Competition Bureau and the
closing of this transaction. All statements other than statements
of historical fact are forward-looking statements. Forward-looking
information involves known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those expressed or implied by such forward-looking
information. Although ISC believes the forward-looking information
contained in this release is based upon reasonable assumptions,
readers are cautioned not to place undue reliance on
forward-looking information as it is inherently uncertain and no
assurance can be given that the expectations reflected in such
information will prove to be correct. Many factors and risks could
cause our actual results to differ materially from those expressed
or implied by forward-looking information including those detailed
in ISC's Annual Information Form, dated March 19, 2014, ISC's unaudited condensed
Consolidated Financial Statements and Notes and Management's
Discussion and Analysis for the quarter ended September 30, 2014 as well as other documents
filed by ISC with Canadian securities regulators through SEDAR
(www.sedar.com) from time to time. Investors and others should
carefully consider the above-noted factors and risks and other
uncertainties and potential events. The forward-looking information
in this release is made as of the date hereof and, except as
required under applicable securities legislation, ISC assumes no
obligation to update or revise such information to reflect new
events or circumstances.
SOURCE Information Services Corporation